Time Warner Center

Time Warner use

Time Warner Center was the first major building to be developed in Manhattan after the September 11 attacks, and its development had directly resulted in an increase in nearby land values even before its completion. AOL Time Warner sought four companies to sponsor the new building, one each in the electronics, technology, automotive, and financial-services segments; the sponsors would have retail or exhibit space in the building. The first sponsor, electronics company Samsung, signed an agreement in mid-2003. Lincoln Motor Company was the automotive sponsor, while First Republic Bank was the financial-services sponsor. At the end of 2003, provided $620 million to refinance part of the development's construction loan.